New home sales fell 8.1% to 590,000 in June, according to the Commerce Department.
The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday.
Analysts... The numbers: U.S. new home sales plunged 8.1% to a seasonally-adjusted rate of 590,000 in June, from a revised 642,000 in the prior month, the Commerce Department reported Tuesday. Analysts polled by the Wall Street Journal had forecast new home sales to come in at 660,000 in June.New homes sales rose a revised 6.3% to 642,000 in May compared with the initial estimate of a 10.7% gain to 696,000. The new home sales data are often revised.
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